News and articles
The dm drogerie markt increased its turnover
Date: 2011-10-20 12:15:54
The dm drogerie markt increased its turnover in the 2010/11 financial year on group level, also increased the number of its shops and its employees; dm's turnover in Hungary in...
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Nestlé sales decreased
Date: 2011-10-20 12:15:37
The Swiss Nestlé published its third quarterly flash report. The company has reported a decrease in revenues. In the first nine months of the year, the company reached revenues of...
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Chinese investor establishes a citric acid manufacturing plant in Szolnok
Date: 2011-10-20 12:14:31
The plant will provide work for 350 people and will cost about 90 million USD, which – as planned – will be 30 percent of own contribution, and the rest...
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Winelabel exhibition in Pécs
Date: 2011-10-20 10:28:59
A winelabel-exhibition linked to the new wine is going to open its gates on 10th November in Pécs, at the Hattyúház Gallery, thanks to Vylyan Winery. The exhibition will be...
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Beer-lovers are loyal to their favourite beers
Date: 2011-10-20 10:02:15
Szomjoltóság has carried out a research project to find out the beer-preferences of the Hungarian population. They found that 94 percent of Hungarians find it important to have their favourite...
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New Christmas coat for Zubrowka
Date: 2011-10-20 09:48:08
For the holidays, vodka Zubrowka dons a new fur coat. Nestled in a green coat the bottle celebrates nature and the remote parts of its native Poland. The cover mimicking...
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460 farms competing for farm-development support
Date: 2011-10-20 09:07:59
A farm-development program was closed on 30th September with 460 competitions, competing for more than 2.5 billion HUF which is well beyond the original sum intended for the program (930...
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Flour is cheap, but all other factors justify a bread price increase
Date: 2011-10-19 13:20:36
The price of flour does not increase bread prices, but other production costs might motive bread price growth. Werli József, Secretary General of the Baking Industry Association told to Népszabadság:...
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Most of the small and medium businesses are expected growth in revenue
Date: 2011-10-19 13:08:14
78 percent of the Hungarian small and medium enterprises (SMEs) calculates with revenue growth for the next year, while 15 percent expects decline – shows the SME confidence index research...
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The Hungarian Association of Brewers criticizes the chips-tax on flavored beers
Date: 2011-10-19 13:05:39
According to the Hungarian Association of Brewers; the extension of the chips tax on flavored beers causes a competitive disadvantage, does not serve the original purpose of tax and means...
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The Ministry of Rural Development decreased this year's funding source for sugar beet growers
Date: 2011-10-19 13:01:57
The Ministry of Rural Development has reduced this year's additional financing source for sugar beet growers by 800 million HUF – said Czerván György, State Secretary of the Ministry of...
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The Budapest International Fair has been opened
Date: 2011-10-19 12:31:19
The Budapest International Fair (BNV) has been opened on Wednesday in the Budapest Fair Centre. Three hundred and fifty exhibitors of ten countries will represent themselves between the 19th and...
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The food processors and the Ministry of Rural Development may meet next week
Date: 2011-10-19 12:30:50
The meeting of the food processors and the Ministry of Rural Development over the chips-tax was shifted to next week. The industry representatives wrote a letter two weeks ago to...
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Kraft and Krüger caught on cartelling
Date: 2011-10-19 12:30:43
The investigation of the German cartel office showed that the Kraft and the Krüger made prohibited price negotiations over their traded instant cappuccino, so the two companies should pay a...
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Magazine: Are traditional places of shopping still important?
Date: 2011-10-19 11:39:34
Thanks to the significant changes that occurred in Hungarian retail in the past 15 years hypermarkets, cash&carrys, supermarkets and discount stores became more significant places for shopping, to the detriment...
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The confectionery industry's international meeting place – strong demand from abroad
Date: 2011-10-19 11:12:52
German federal Minister Ilse Aigner will be on hand to officially open ISM on 29th January 2012 in Cologne Preparations are gearing up for the 42nd International Sweets and Biscuits...
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Compaint about the privatisation of Budapest Airport
Date: 2011-10-19 10:19:20
Commissioner's Office of the Government has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of...
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Ipsos Global @dvisory: The Economic Pulse of the World
Date: 2011-10-18 17:33:23
A major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic...
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The separate sectoral taxes will be terminated from 2013, the bank tax will be halved
Date: 2011-10-18 14:59:06
The separate sectoral taxes will be terminated from 2013, the bank tax will be halved The sector specific taxes will be terminated from 2013, the bank tax will be halved...
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Agricultural emission was of 1800 billion HUF last year
Date: 2011-10-18 14:51:06
Last year, despite the bad weather, the agricultural output has seen a 10 percent growth, reaching 1800 billion HUF – Rural Development Minister Sándor Fazekas announced on Tuesday at the...
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Chips-tax: coffee escaped
Date: 2011-10-18 14:50:54
The NGM and the Rural Development Ministry would impose taxes on coffee, the Ministry of National Resources would not, but now the market participants have also started intense lobbying. The...
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Less than third of online shoppers pay with credit card
Date: 2011-10-18 14:43:31
In case of online ordering, less than a third of the customer pay by credit card – shows the most recent survey of KutatóCentrum. During a year, the proportion of...
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Hungary's largest shopping center opens spring 2013
Date: 2011-10-18 14:31:25
With the construction of the second phase of the Árkád in Budapest Hungary's largest shopping center trade area will be established in 2013 in the Örs vezér square. The construction...
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NAV: The deadline of chips-tax is approaching
Date: 2011-10-18 14:20:09
The deadline of public health taxes so called chips-tax is approaching – told the National Tax and Customs Administration (NAV) to MTI on Tuesday. According to the Communication; the tax...
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Coca-Cola's flash report corresponding to the expectations
Date: 2011-10-18 14:10:55
Coca-Cola's third quarterly report meets the expectations: by eliminating the effects of non-recurring items, profits were 1.03 USD per share in when the markets expected 1.02 USD. Management reports that...
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Raben investing in Hungary
Date: 2011-10-18 13:16:39
European logistics operator, Raben Group, has today announced the acquisition of businesses in Poland, Hungary, Czech Republic and Slovakia. The Wincanton businesses in Poland, Hungary, Czech Republic and Slovakia provide...
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Danone would sell its bottled mineral water brands to a Japanese company
Date: 2011-10-18 12:50:10
The Paris-based Danone would sell its Evian and Volvic bottled mineral water brands to the Japanese Suntory. In the scope of non-public negotiations Danone would sell its two brands of...
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Nike closes several shops in Hungary
Date: 2011-10-18 12:30:41
In the forthcoming months several Nike stores are expected to be closed in Hungary. According to the informations of Pénzcentrum.hu; there are shops that are trying to sell only the...
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ZEW index: German business sentiment decreased
Date: 2011-10-18 12:20:41
German investor sentiment fell in October. More and more signs indicates that the European debt crisis may spread to the banking sector. According to the survey of the German ZEW...
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Magazine: Price-value ratio is decisive when buying food
Date: 2011-10-18 11:49:36
Nielsen conducted a survey in 55 countries, which revealed that 47 percent of Hungarian consumers are influenced in their food buying decisions by the price-value ratio of a product. 43...
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